Listed by Seneca Real Estate Group
$5,659,803
1201 Ferris Avenue
Details
Property Type Retail
Sub Type Convenience Store, Pharmacy/Drug
Square Footage 15,153
Cap Rate 6.25%
NOI $353,738
Occupancy 100%
Tenancy Single
Brand/Tenant Walgreens
Lease Type Absolute NNN
Lease Expiration 11/30/2035
Remaining Term 9.5
Rent Bumps Yes
Lease Options 12/ 5 yr. Options
Year Built 2020
Acreage 1.470
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 11/09/2020
Ground Lease No
Walgreens with Rental Incrases
Marketing description
R. Peter Giadla of Seneca Real Estate Group, LLC in co-operation with Northmarq Commercial, is pleased to present to qualified investors the opportunity to acquire single-tenant Walgreens property located at 1201 Ferris Avenue in Waxahachie, Texas. The Property consists of a 15,153-square-foot building situated on 1.47 acres, constructed in 2001. Walgreens is operating under an absolute NNN lease with zero landlord responsibilities, providing investors with a completely passive and stable income stream. The lease commenced 11/9/2020 and extends through 11/30/2035. with 12 / 5 yr. renewal options through 2095, at 5% rental increases every 5 years. For further interest, please reach to LA. Full OM to follow shortly.
Listing Contacts
Listed by Seneca Real Estate Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$353,738.00
$29,478.17/mo
Valuation Metrics
0
DSCR
6.25%
Cap Rate
6.25%
ROI
Map
Zoning
GR CommercialRetail CommercialGeneral Retail
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View all 207 uses Last updated May 12, 2026 For deeper zoning details, reports are available at Zoneomics
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